The index rebounded collectively today, with the gem leading the rise throughout the day. On the market, CRO and other pharmaceutical stocks rose sharply, while the power and port plates changed and strengthened in the afternoon. On the whole, the plate shows the characteristics of rotational rebound. Yesterday's rise against the trend of the risk aversion plate today's collective adjustment. On the whole, individual stocks rose more than fell today, with more than 3300 stocks rising in the two cities. Today's turnover on the Shanghai and Shenzhen stock markets is 1.0188 trillion, a decrease of 343.9 billion compared with the previous trading day. In terms of plates, CRO, novel coronavirus testing, electric power, port shipping and other plates led the increase, while coal, gold, military industry, gas and other plates led the decline. By the close, the Prev index was up 0.63%, the Shenzhen Composite Index was up 1.21%, and the gem index was up 2.58%. Northbound funds bought 6.385 billion yuan net throughout the day, including 3.323 billion yuan for Shanghai stocks and 3.062 billion yuan for Shenzhen stocks.
For the future market trend, institutions have expressed their views.
According to the research view of Huaxi Securities, with the continuous improvement of the sales structure and quality of new energy vehicles, as well as the continuous introduction of high-quality new models, supply will drive the change of demand, and the permeability of new energy vehicles is expected to accelerate. Sales are expected to grow rapidly.
For photovoltaic, Huaxi Securities believes that in the medium to long term, "carbon peak", "carbon neutralization" and non-fossil energy will account for about 20% of primary energy consumption in 2025 / 2030. It is clear that photovoltaic and other new energy sources will play an important role in energy transformation and carbon emission reduction in the future. Pay attention to the relationship between supply and demand under market changes and the structural opportunities under technological change, such as inverter, photovoltaic film, photovoltaic glass, vertically integrated manufacturers, distributed photovoltaic, consumables and equipment links, photovoltaic brackets and so on.
According to the research view of China Merchants Securities, the current global inflation is high, the main commodities are rising obviously, and the market has spread to gold. Gold may gradually evolve from safe-haven demand to the risk of stagflation and the long bull brought about by the expected marginal relaxation of the Fed's monetary policy. Gold stocks have fully pulled back, with price-to-earnings ratios at their lowest level in the last 17 years.
China Merchants Securities believes that the accumulation of stagflation risk, gold allocation value highlights: high global inflation, superimposed by the Federal Reserve in the interest rate hike cycle, facing a greater risk of stagflation in the future, good gold prices. The current trend of higher inflation is global, which is due to the shortage of supply caused by the warming of demand and insufficient capital expenditure in the upstream under the background of carbon neutralization, which is directly reflected in the sharp rise in the price of commodities such as crude oil and metals. Geopolitical conflicts will also further strengthen global inflation. Russia is an important global exporter of crude oil, natural gas, nickel and wheat, and Ukraine is also an important grain exporter. The conflict itself will affect domestic production and exports. Subsequent sanctions from Europe, the United States and other economies will also hamper supply. Brent and WTI have now broken through the $100 mark, there is still the possibility of further upward, the world will face greater inflationary pressures.
China Merchants Securities pointed out that geopolitical risks and significant inflows of gold ETF. With the haze of short-term war, gold has regained the favor of market funds as an important safe haven asset. SPDR, the world's largest gold ETF fund, had net inflows of 42.09 and 11.56 tonnes in the first two months of this year, respectively.
